This entry was posted on Wednesday, September 3rd, 2008 at 12:45 pm and is filed under Health Alert. You can leave a response, or trackback from your own site.
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In Sunday's New York Times, an Alan Blinder column discusses a new book, "Unequal Democracy" by Larry M. Bartels. Among the findings: (1) Per capita, GDP growth has been higher under Democratic rather than Republican presidents (2.78% vs. 1.64%) and (2) incomes have been more equal when a Democrat is in the White House.
While acknowledging that presidents don't really control the economy and that Federal Reserve policy and international oil prices matter a lot more, Blinder encourages readers to infer that the political parties make a difference. But is he correct?
The problem: Blinder is ignoring how often each party enacted the agenda of the other party.
If there is any generalization to be drawn, it may be this: We seem to do very well when Democratic presidents enact Republican policies.
September 3rd, 2008 at 1:47 pm
I think we do best when a Republican president eneacts a Repulican agenda. When is the last time that happened?
September 3rd, 2008 at 1:54 pm
Wrong Joe.
We did best when we had a Democratic president (Clinton, second term) and a Republican Congress and together they enacted a Republican agenda.
September 12th, 2008 at 2:17 pm
A new article in the Wall Street Journal shows that women's wage growth relative to men has increased more under Republican presidents. See http://online.wsj.com/article/SB122117698819025845.html?mod=googlenews_wsj